LALUX signs a collaboration agreement with Circu Li-ion
The company has developed an automated and scalable process that enables more than 80% of the cells in a lithium-ion battery to be reused. As a result, CO2 emissions are cut by 80%, waste is reduced and raw materials are saved. Their unique "upcycling" approach reduces CO2 emissions by -48% compared with traditional recycling methods.
With the advent of the circular economy concept, Circu Li-ion has already been able to collect a number of prizes and awards (including first prize in the Creative Young Entrepreneur Luxembourg (CYEL 2022) competition).
The objectives of this collaboration :
- For Circu Li-Ion: to raise its profile and be put in touch with relevant companies potentially interested in their activity.
- For LALUX: to support an innovative local initiative that meets a growing need and falls under the theme of minimising the environmental footprint (3rd pillar of the LALUX Group's CSR strategy).